5.34-acre parcel on which is built a 227-room Hampton Inn hotel. The parcel is located on Route 1A in Revere next to the East Boston line. 230 Lee Burbank Highway is convenient to the MBTA Blue Line, Suffolk Downs, Logan Airport and beaches.
The following is a map of the 230 Lee Burbank Highway parcel:
Route 1A Revere Hampton Inn on 5+ acre parcel sells for nearly $37 million
The Hampton Inn hotel located at 230 Lee Burbank Highway on Route 1A in Revere sold today for $36.865 million. The buyer is Magna Hospitality Group, a hotel developer and investor based in Warwick, RI. The hotel last sold in 2007 for $38.6 million; the seller is Linchris Hotel Corporation of Hanover, MA.
The hotel is situated on a 5.34-acre parcel located near the Suffolk Downs racetrack, Logan Airport and the MBTA Blue Line. Also nearby is Revere's 1.3 million square foot Waterfront Square mixed-use development.
The following is the deed for today's sale:
More information about 230 Lee Burbank Highway is posted below.